Developer criticizes Seminole Tribe's lawsuit

Wednesday, May 24, 2006  

A Baltimore-based developer says a lawsuit filed by Seminole Tribe of Florida is a "less than honorable tactic" aimed at renegotiating their business agreement.

The Cordish Company financed the tribe's two successful Hard Rock Hotel and Casino resorts. A Cordish subsidiary named Power Plant Entertainment receives $18 million a month under a 10-year contract.

The tribe claims the payments are being made but no services are being provided. A lawsuit filed in state court asks for a judge to break the deal.

Cordish is expected to make $1.6 billion to $2.2 billion on the Seminole deal.

Get the Story:
Seminoles sue Cordish in Fla. (The Baltimore Sun 5/24)
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Seminoles Sue To Break Contract With Casino Developer (AP 5/24)